And in Australia…labor market decline also slowing

by Jim Townsend

09 Jun 2009

And over in Australia, the rate of decline in the Australian labor market is also slowing according to the SEEK Employment Index for the month of May.

Seek measures the ratio of new job ads to job applications on its Seek.com.au Web site. For May, it fell by a seasonally adjusted 9.8 percent. That was driven by an increase in the number of job applicants rather than a decline in the